UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 6, 2008
LHC GROUP, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 8082 71-0918189
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(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction Identification No.)
of Incorporation)
420 West Pinhook Rd., Suite A
Lafayette, LA 70503
(Address of Principal Executive Offices, including Zip Code)
(337) 233-1307
(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
The information contained in the discussion under Item 2.03 below is
incorporated by reference herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
On March 6, 2008, LHC Group, Inc. (the "Company") entered into the First
Amendment to Credit Agreement (the "First Amendment") by and among the Company,
Capital One, National Association, as administrative agent (the "Agent") and the
lenders party thereto (the "Lenders"). The First Amendment amends the Credit
Agreement (the "Credit Agreement") dated as of February 20, 2008 among the
Company, the Agent and Capital One Corporation, as sole bookrunner and sole lead
arranger, and adds First Tennessee Bank, N.A. as an additional lender to the
Credit Agreement. Pursuant to the terms of the Credit Agreement, as amended by
the First Amendment, the maximum aggregate principal amount of the line of
credit increased from $25.0 million to $37.5 million. The increase of the line
of credit constitutes partial fulfillment of Company's option, contained in the
Credit Agreement, as amended, to increase the line of credit to $50.0 million.
The interest rate for borrowings under the Credit Agreement is a function
of the prime rate or the eurodollar rate ("Eurodollar Rate Loans"), as elected
by the Company, plus the applicable margin. The First Amendment also amends the
applicable margin for Eurodollar Rate Loans under the Credit Agreement as set
forth below:
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LEVERAGE RATIO EURODOLLAR MARGIN
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< 1.00:1.00 1.75%
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= 1.00:1.00 < 1.50:1.00 2.00%
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= 1.50:1.00 < 2.00:1.00 2.25%
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= 2.00:1.00 2.50%
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The summary above is qualified in its entirety by the First Amendment
attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
A copy of the First Amendment is attached as Exhibit 10.1 to this Current
Report on Form 8-K.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LHC GROUP, INC.
By: /s/ Peter J. Roman
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Peter J. Roman
Senior Vice President and Chief
Financial Officer
Dated: March 10, 2008
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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10.1 First Amendment Credit Agreement by and among LHC
Group, Inc., Capital One, National Association, as
administrative agent for the lenders, and the
lenders party thereto, dated as of March 6, 2008.